There is currently a tense environment in the US politic because president Trump took the decision of government shutdown and according to JP Morgan CEO Jamie Dimon, this temporary shutdown might lead US economy’s growth to zero percent. While giving an interview, Jamie Dimon was asked about the current economic condition of the country, and he thinks that if the situation goes on continuing till 31st March, then it will cause US economy’s growth to zero percent. However, after citing this statement, he said that this opinion is not his own and he thinks that some economists estimated this and it could be true. From December 22 the government shutdown started because of the political disputes and Jamie Dimon thinks if the top authorities do not solve this problem right now then it might create more difficulty.
Many predictions are going on currently regarding this political condition in the USA also one thing is sure that this situation is negatively impacting on many business industries. Because a few days ago there were reports that many craft beer makers are having trouble to scale up their business because of the government shutdown. There are many important bills and tenders which are needed to to be approved by the top authorities and since the government is not working many contractors based on bids are getting not getting any type of work.
However, some other bankers think that this situation is just temporary and there’s no need to worry about it. Meanwhile, JP Morgan’s fourth-quarter results came, and it shows that the giant financial services provider has not met up to the investor’s expectations. However, a government shutdown will be the topic of discussion for every business owner since it’s creating so much chaos in the business industry.
Paul is an American-based writer covering Latest business trends. Paul cover Business and media for many news sites. He has been breaking news and writing features on these topics for major publications since 2012. Paul prefers writing about business news keeping science and technology into perspective.